When starting a business and selecting your entity choice and business structure, the furthest thing from your mind may be the dissolution of your business. However, sudden deaths, health complications, and other things come up that may stop your business in its tracks. If you want your company to continue to exist when you pass away or decide to step away, you need to learn about the different business entity choices and how they can affect the continuity of existence:
Depending on what you want, in regard to the continuity of existence, may determine which business entity structure you choose when forming your company. A corporation can allow for the continuation, whereas a partnership is limited by the other partners, certain provisions, and terms.
For help determining the best business entity choice for your needs, call an Austin business entity attorney at the Posey Law Firm today at 888.269.1962 or 512-646-0828 to find out which business structure is best for you.